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comments on tax policy, senator chuck schumer talked about taxes. he spoke and answered questions at the national press club for about an hour. >> good morning. we're starting right on time today. i want to thank you for coming. i want to thank those who are joining us on c-span. on behalf of the national press club we're honored to have with us the senior senator from new york charles schumer. the senator will address the topic of tax reform. i just want to say i think this is an appropriate topic following a columbus day weekend. in club bus' time the prevailing weekend that there were dragons right over the horizon and most people thought the world was flat and anyone setting nauf a journey would go off the cliff. columbus thought he could find a new route. and today we're going to be exploring new tax reform and how to avoid a fiscal cliff. the senator will speak for about 20 to 25 minutes and then we will open up to questions. senator? >> ok. thank you, jamie for that very timely introduction. i want to thank the national press club. here's what i said yesterday at the new yo
the topic of tax reform. most people thought the world was flat and anyone sent on a journey would likely go off a cliff. columbus bar defined a new route. today we are going to be exploring new routes to tax reform and how to avoid the fiscal cliff. the senator will talk for approximately 20 or 25 minutes. and we will open up the conference to questions. >> there is perhaps no issue facing congress that is more complex man tax reform. for all the disagreements on taxes, most policy-makers and what the broad outline of tax reform might look like when you ask them is you get a startling difference in dramatically lowering the rate of broadening the tax debate. -- bess. -- base. ronald reagan and the 1986 congress created this. in the upcoming talks on the fiscal cliff, we should scrap this. the old style of tax reform is obsolete in a 2012 world. it does not fit the times because there are two new conditions that did not exist in 1986 but are staring us in the face today. first, a much larger and much more dangerous deficit and second, a dramatic increase been income and inequality. old-style
cliff. those expiring tax cuts and the budget cuts. if you would like to find out more, go to our website, c- span.org, and type in "a fiscal cliff" in the search box. >> look at what president obama did on the budget, nothing. as a result of his abdication of leadership, as a result of seeing the most predictable economic crisis and our country's history and not fixing it, our credit rating was downgraded for the first time in our history. >> to be laid out a four trillion dollar debt reduction plan. ladies and gentlemen, these guys vote against everything. i really mean it. not only do they say they don't like our plan. i get that. you don't like our plan, what is your plan? >> thursday, paul brian and joe biden will face often their only debate. -- paul ryan and joe biden will face off in their only debate. we will have a preview starting at 7:30 eastern. your reaction at 10:30. follow the live coverage on c- span, c-span radio, and online at c-span.org. the vice-presidential candidates preparing for that debate today. paul ryan in st. petersburg, fla., joe biden. president oba
wolf blitzer and when wolf asked him to get specific on tax cuts, here's what happened. >> even though you're going to lower the income tax rates for people making let's say more than $250,000 a year, but you're going to eliminate some loopholes and deductions, exemptions, tax credits, is that what i'm hearing? >> that's right. i'll bring the rate down across the board. but eliminate or limit, rather, deductions or credits and exemptions and so forth, particularly for people at the high end, because you have to do that to make sure that distributionally we continue to have the high-income people still pay the same share, the high share they pay today. >> would that add up to the $4.8 or $5 trillion that's been estimated -- your comprehensive tax reductions would cost? >> well, actually, the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong, because what he says is let's look at all the rates you're lowering, and then he ignores the fact i say we're also going to limit deductions and credits and exemptions. he ignores that part. obviously, that was corrected
a guy pretending to be mitt romney stood on a stage next to me. what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. >> we are going to win this. we're taking back the white house. >> the romney family is taking back this campaign. >> or not. >> that was kind of strange. trying to stick words in people's mouths. >> stay in your seats. there's just four weeks until election day. >> the top rate, for instance, would go from 35% to 28%. >> don't pay any attention to that tax cut behind the curtain. >> i'm not sure exactly precisely with what i said but i stand behind it, whatever it was. >> we begin exactly 28 days until the election with both the president and his challenger declaring they will win a race that is anything but settled. today their paths will cross again in ohio, the state that may yet decide this election. amid new signs of urgency from both campaigns. case in point, this afternoon's gallup poll showing the president leading mitt romney 49% to 46% among registered voters. among likely voters it's romney up by two leading the president 49% to 47%. f
independence policy means more than three million new jobs. many of them in manufacturing. my tax reform plan to lower rates for the middle class and for small business creates seven million more. and expanding trade, cracking down on china and improving job training takes us to over 12 million new jobs. i'm mitt romney, and i approve this message. >> this is abc 7 breaking news. >> we are following breaking news. >> a tree has fallen onto a truck. you can see the pictures live from the chopper. this happened about 30 minutes ago on connecticut avenue at randolph road. we're told nobody was hurt. county crews are on their way to clear the tree. connecticut avenue will be closed until the rest is cleared. you can see the damage to the truck. you can see the tree on top of another vehicle on the top part of the screen. we will have more details through the newscast. >> a man shot in a confrontation with police in silver spring has died. >> this happened after police say the man tried to force his way into a home where his girlfriend is a live-in nanny. >> montgomery county police go
these things a lot tonight in my comments. i was the governor who drew top tax fraud. i had to cut $5 billion from the state budget, including my own salary. i'm the only governor in modern times who left the office with a smaller general fund budget and when i started. i know how to be fiscally responsible. my opponent when into the united states senate in 2001 with the biggest surplus in the united states and six years later left with massive deficits. during his time in the senate, the national debt went up by $16,000. he conceded that spending was a problem in the senate. we also have people who need to know how to work together. i learned to cut crime bills and the economy. my opponent said his job was to not democrats softly. he took this similar position in the senate, fighting efforts led by the then-senior virginia senator. when someone who will fight and that is what i will do is your next to none state senator. >> if mr. allen, your opening statement. >> thank you. it's much better future than what we are having to endure these days. that is why i put forward a detailed plan. my bl
been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy, the fellow on stage last night said he didn't know anything about that. the real mitt romney said we don't need any more teachers in our classrooms. but don't boo, vote. but the fellow on stage last night, he loves teachers. can't get enough of them. the mitt romney we all know invested in companies that were called pioneers of outsourcing jobs to other countries. but the guy on stage last night, he said that he doesn't even know that there are such laws that encourage outsourcing. he's never heard of them. never heard of them never heard of tax breaks company for companies that ship jobs overseas. he said if it's true, he must need a new accountant. now, we know for sure it was not the real mitt romney because he seems to be doing just fine with his current accountant. so you see, the man on stage last night, he does not want to be held accountable for the real mitt romney's decisions and what he's been saying for the last year. and that's because he knows full well that
/11, and today osama bin laden is dead. four years ago, i promise to cut taxes for middle-class families, and we have, by $3,600. of promised to cut taxes for small business owners, and we have 18 times. we got back every dime we used to rescue the banks, and we passed a law, to the end taxpayer-funded wall street bailouts permanently. we passed health care reform, also known as obamacare, because i do care. i do not want insurance companies, jerking you around anymore. i do not suit him -- do not want somebody without health care because they have a pre-existing condition. we repealed "don't ask, don't tell," as i promised him we would. today, he no outstanding soldier, marine, sailor, here man -- airman, none of them will be kicked out of the military because of who they are and who they love. when you think about ohio, and when governor romney said that we should let the auto industry go bankrupt -- we said, we are not going to take your advice. do not boo. vote. we reinvented a diving auto industry that supplies one in eight ohio jobs and has come roaring back to the top of the world. four y
is providing [ male announcer ] who will raise taxes on the middle class? according to an independent non-partisan study, barack obama and ththe liberals will raise taxes on the middle class by $4,000. the same organization says the plan from mitt romney and commco sense conservatives is "not a tax hike on the middle class." want proof? read the non-partisan study for yoursf at american.com. obama and his liberal allies? wean't afford four more years. i'm mitt romney and i approve this message. ♪ ♪ [ man ] when i'm in my zone... every move i make is a statement... ♪ ♪ ...that inspires me to make my mark. ♪ ♪ [ male announcer ] the all-new lexus es 350. ♪ ♪ acts virginia it is holding its annual sales tax holiday on energy efficient projects. consumers can buy energy- efficient products like dishwashers and he poms without having to pay taxes. it must be less than $2,500 and have the energy star designations. a complete list of the tax exempt items can be found at tax.virginiao.gov. >> pepco has errors and for a num
is a combination of tax hikes and spending cuts due to hit at the end of the year after the election. the president coming off with what was widely seen as a lackluster debate performance, was in wisconsin yesterday with new found vigor. >> i want to export more products and outsource fewer jobs. >> reporter: that is a message he'll no doubt repeat at a campaign stop in virginia today. job growth is in positive territory, but not by much. and through so many months, it's been outpaced by population growth. mitt romney will be poised to strike, arguing that the unemployment rate understates the problem. >> if the same share of the workforce were engaged in looking for a job now as when the president took office, the unemployment rate wouldn't be at 8.1%, it will be 11.2%. >> reporter: both campaigns will be looking beyond today's numbers. october numbers come out on november 2nd, four days before the election. in washington, doug luzader, fox news. >>> another big story developing today. health officials warn thousands more people could be at risk of getting a deadly form of meningitis. it's already
has a perspective that says if we cut taxes, skew towards the wealthy and roll back regulations that we'll be better off. i've got a different view. >> i'm concerned that the path we're on has just been unsuccessful. the president has a view very similar to the view he had when he ran four years ago, that a bigger government, spending more, taxing more, regulating more, if you will trickle down government would work. that's not the right answer for america. >> reporter: jobs was the dominant issue. the comment that lit up twitter more than anything else was a comment by mitt romney how he would cut spending to pbs. the debate was hosted by pbs' jim lehrer. >> i'm sorry, jim. i'm going to stop the subsidy to pbs. i'm going to stop other things. i like pbs, big bird and i like you, too, but i'm not going to keep spending things and borrow money from china to pay for it. >> reporter: after the comment was made, there were 17,000 tweets per minute for the words "big bird ,," 10,000 for pbs. this debate really dominated twitter more so than either of the conventions. it was really pr
his own tax plan, making them stick to what they've been the last six or seven months. >> this is where i think paul ryan will have pressure on him and where i expect paul ryan to perform very well. i mean, i found obama's debate performance totally lacking in specifics. we still don't know what his tax plan is or his deficit plan or his budget plan. but paul ryan has become the personification for the democrats of all that is callous and cold and evil about the romney campaign. so ryan now has i think an opportunity to not only explain his plan more importantly romney's plan, but to explain it in a way that is compassionate and human. and i expect he'll do a very good job of that. >> there's a tricky thing that ryan has to do. and i think you suggested it there, carly. there's clearly a distinction between the ryan plan. actually, there have been multiple ryan plans on multiple fronts. >> that's right. >> and the romney plan. so ryan can't get lured into a debate over the specifics. >> i agree with you. >> here's the problem, mitt romney embraced that budget plan. >>
: this was dishonest: mitt romney: "i'm not in favor of a $5 trillion tax cut." romney's bng dishonest here too: romney tv ad: "according to an independent, non-partisan study, barack obama and the liberals will raistaxes on the middle class..." narrator: the chairman of that so-called independent group is from romney's former company. dick cheney's on its board. newt gingrich was there too. independent. it's just not true. alexis douglas: i can rememberwhwhen i was youer and... my family was not necessarily financially stable. we were poor. anncr: then alexis got a job at the mgm casino in michigan. and it changed her l life. alexis: i started as a wardrobe clerk. but then i was able to work my way up. i got a 401k, i have health insurance... and i make great money. anncr: in maryland, question seven will create... twelve thousand jobs. from hotel and restaurant staff to accountants... and construction workers. alexis: if you want a great place to work with good pay... and great benefits, vote for question seven. ♪ ♪ ♪ ♪ ♪ ♪ [ male announcer ] combine the pn
government that the president proposes is one where he will raise taxes on small business, which will kill jobs. i instead want to keep taxes down on small businesses to create jobs. >> an instant cbs news poll of the uncommittedded voters showed that he won the first debate by a margin of 2-1. speaking on thursday, he continues to draw contrast with the president. >> we don't measure compassion on how many people to put on food stamp and how many you can get a good job to get off the food stamps. >> reporter: president obama came out swinging on thursday, something that critics say he should have done at the debate. >> the president told the crowd of supporters in denver that a different challenger showed up on wednesday night. >> the real mitt romney has been running around the country for the last year. seeing $5,000 in tax cuts. and they said that he didn't know anything about that. >> and the president slammed romney for saying that he would cut funding. >> we didn't know that big bird was driving the federal deficit. >> president obama and mitt romney will meet again in less than two
into the numbers with the president of the tax foundation. find out what it is for you and our country here on fox business. 0t[h7 [ male announcer ] this is joe woods' first day of work. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing early, he'll find some good people to help guide him, nd he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >> market is down 30 points. we were talking to david kotok at beginning of show how many investors got out of the market. what is mistake it is because stocks are up 9%. >> people looking at true fundamentals true health of the global economy can't really deny that, tracy. melissa: that is the juice market is running. tracy: you guys talked a lot about it. a lot of hedge funds closed up shop on september 30th, called it a day and wrapped it up with a nice little bow. w
the attacks. a week ago paul rhine was asked to explain the math of a tax cut and he said i don't have time. governor mitt romney had a massive performance and the underpenings of that was dishonest f. you are willing to say anything to get elect make up your positions, american people have to understand how they can elect you. >> steve: is calling mitt romney and ryan a good strategy. here to weigh in is washington insider amelia and democrat pollster marjorie. good morning to both of you. >> margey. it does sound like according to the new york times, 10 minutes before the end of the debate they were on a conference call talking about he stunk up the place. we'll have to go full steam ahead on a new attack and that is going to be romney is a liar. >> any time you hear mitt romney express different position than the day before it is for voters to know. we would be talking about mitt romney's loose interpretation of the facts regardless of what the people thought of the pet's performance. his own campaign walked back what romney said about covering people with preexisting conditions in the h
'tax'... was used... 109 times.... duriig... last night's... debate..../ debate..../pauu gessler reports what both andidate's wallet. taxes, because i think it's instructivee"wednesday's presidentialldebate focused on the eccnomy.romney: "my numbbr one principal is there'd bb no tax cut thatt adds to the deficit."steven isberg is an economist with the university of baltimore. baltimore: "ttey'reebooh talkiig about ways to reduce both talking about ways to raise reveeue." mitt romney would extenddthee bush era ttx cuts.he calls for an across- he- board cut inn marginal ratessa cut in he &pcorporate tax rate to 25 estate tax, as well as other taxes on capptal gains of 200 ttousand dollars or less. obama: "itts math. it's arithmatic."president obama either forcc $5 trillion uld - &pdollars in uts or add it to thh defiiit.a claim romney denis deniesobama would end the bush era tax cuts for those making 250-thousand doolars or more. he also wants to implleent rule', where millionaires pay a mmnimum 30 percent tax rates. all in aa effort to move toward a balanced budgett steven i
that's exactly what mitt romney wants to do... ...to pay for a $250,000 tax break for multi-millionaires. if mitt romney wins, the middle class loses. priorities usa action is responsible for the content of this advertising. i'm drinking dunkin'. i'm just in love with the flavor. i get mine black. i don't want to take away from that pure taste. so smooth, no bitterness. it's awesome. there's no other taste like it. america runs on dunkin' coffee. >>> welcome back. making headlines, another search is set for today for a missing teenager from northern virginia. police found his car about a mile and a half away. friends, family and volunteers will start searching at 10:30 this morning. >>> venezuela's president has been reelected. officials say the polls saw the biggest turnout in years, with nearly 81% of registered voters taking part. this is his third re-election. chavez says he will press for a transition to socialism. >>> history is made in the big easy. new orleans saints quarterback drew brees broke a record by throwing a touchdown pass in his 48th straight game. the pre
the budget plan mitt romney supports actually does. more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? >>> jerry sandusky is set to be sentenced tomorrow. he has been in isolation at the pennsylvania prison since june when he was convicted of 45 counts of child sex abuse. sandusky's attorney believes the 6 #-year-old will spend the rest of his life behind bars. >>> the number of rare meningitis cases linked to a tainted steroid treatment has now risen to 91, spanning nain streets appears killing seven. another case is reported in maryland this weekends bringing total there to three. eighteen cases have been reported in virginia with one death in each state. the massachusetts pharmacy linked to product issued a voluntary recall. >>> hugo chavez has been re- elected. nearly 81% of registered vote are took part. chavez has hel
's got a lot of dough, and hasn't released any tax returns, zero tax returns i think. what did you find out, anything? >> billion in a prior story, not this story, when we looked at earmarks we did find earmarks that was very close to his undeveloped property. >> right, i saw a nice deal here on a land deal in 1998, 700 grand. anyway, just wondered. >> right, exactly. we have a whole host of stories that we've done that look more at this intersection between their duties and their personal assets and that's -- >> that's the best way, not with a couple of, you know, stock tips in congress. i like it ben they do the earmarks, where they buy something and then maybe check the former speaker, too. anyway, right? kimberly, thank you. appreciate it. >> thank you very much for having me. >> all right, see you. >>> oh, it's me. coming up, this morning's top stories set to foreboding music. the rails for the white house, both hitting the campaign trail. former governors face off in the issues and former hp boss carly fiorina, why she calls the board a serial dysfunction, and not like cereal. you
in the inner city and paul ryan said bringing opportunity. >>> and you can do that with cutting taxes with a big tax cut. >> paul ryan said those are your word and not mine thampts kind of strange are you trying to stuff words in people's mouths. this was a local affiliate out of flint, michigan. an important state. >> brian: especially the polls are closing to within three. and it is interesting that paul ryan is out giving interviews and vice-president biden is in a six day -- c>> steve: no kidding. good for paul ryan stick to the press. the guy had something in mind. and it is the thing that newt gingrich did and was effective. maybe joe biden should be looking for that paul ryan. >> gretchen: the mitt romney declaring war on the president obama. >> how does romney's plan stack up. veteran of the wars. coming up next. >> brian: you never saw a full fight quite like this one. >> steve: oh, my goodness. you are right. and then you never saw a bull fight like that one. we'll watch it over and over again. weight watchers online was so easy you look up a food, you eat the food, you trac
is the fact that romney seemingly in what he laid out in the past debate on his tax cuts, what he's saying and the reality of his plan don't add up. the president wasn't able effectively say to him, you know, you haven't been specific on the deductions. he did not directly challenge mitt romney, and one of the things looking forward this week interesting to see is whether joe biden is able to turn to paul ryan in that way and say, your math doesn't add up. give me one specific deduction. in some ways i think with joe biden and paul ryan it's going to be an even more damaging conversation if ryan has to obviscate and come up with specifics because he's the numbers guy. >> he's going to be prepared. we'll be prepared. >> he doesn't have enough time it to answer the question, but going back to the theme of the day, what matters, the economy always matters. ever since the cold war it's been about the economy with the possible exception of '04, right? we're in the war of terrorism. >> even in '04 the exit polls showed that even though it was a foreign policy election, it was still about the eco
, sitting next to him, not having dinner, sitting next to al gore is taxing. it is really unpleasant. we asked him what was going on in the white house and he said 1%. i believe it is higher. but if we step back, we often don't know what is going on. that is the dilemma. i want to talk briefly and then answer questions about her new book that i have done, which is just out, called the price of politics. it is about 3.5 years of negotiations between the obama white house and the republicans in congress and the democrats. how they essentially tried to bring the federal government's financial house to some kind of order. the answer is they failed. we have a federal government whose financial house is in total disorder, total disarray. it is a historic problem. to try to put it in english, we have a trillion dollars of iou outstanding in the world. the negotiations, they agreed to raise what they call the debt ceiling, so the government can borrow a couple more trillion dollars. we are going to run it run out of that borrowing authority january or february of next year. they're going to have
taxes on the chairman of that so-called romney's former company. gingrich was there too. it's not independent. it's just not true. >>> tensions are up along the gaza strip after a new series of attacks between israeli forces and palestinian militants. the militants say this video shows their rockets launched toward israel. the islamic group hamas said one of the rockets hit a children's petting zoo. two goats were killed but no children were hit. the palestinians say the attacks are in retaliation for a deadly air strike by israel yesterday. it is the most serious dispute along gaza in four months now. >>> indonesia, take a look at this giant cloud of ash from a volcano that erupted there. witnesses say it sounded like thunder. no report eveof injuries so far. they're urging people to stay inside to avoid that ash. it erupted more than 40 times since the beginning of september. >>> two controversial discoveries earned scientists the nobelrize p in medicine today. john gurdob and shinya yamanaka said mature cells can be turned into new tissue. the nobel committee said they re
am not in favor of $5 trillion tax cut. >> according to an independent nonpartisan study, barack obama and the liberals will raise taxes on middle-class. >> the chairman of that independent group is from the's former company. dick cheney is on its board. newt gingrich was there as well. it's not independence, it's just not true. host: what is your reaction? guest: well, every single day the campaigns are releasing dance like that. they almost fit the topic of the day. if the other candidate has made an error, they will be on the air in ohio? within 24 hours exploiting that error. this goes back to when we talk about the impact they have. does an individual act like that -- ad like that have an impact? probably not, but there's an overall message, independents begin to form opinions about candidates. i think obama campaign advertised really heavily on ohio television through the summer and there were quite successful in getting out ahead of mitt romney in this state and defining him. rob portman could bid on the ticket. he was not. -- rob portman could have been. on been. presiden
stated the things he should have said i'm going to have that $5 trillion tax cut. i understand that obama had a bad debate, didn't do what he was supposed to do but mr. romney lied. >> bill: you are absolutely right. again, i compared romney's debate performance to the ryan speech in tampa. it was a good performance but it was packed with lies. i think the entire media was focusing on stage craft and performance or entertainment or acting ability and not on the substance of what they said. on the substance of what he said mitt romney simply did not tell the truth about the $5 million, about health care, about a whole lot of stuff. kevin in chicago, kevin getting rid of big bird good idea? >> caller: yeah, my granddaughter is four years old, so i'm ul up to speed on big bird. and it brings back memories of when my kids were young. >> bill: same here. >> caller: it is just an example of the crap that comes out of his mouth. they don't realize the value of putting something on tv for the kids to watch -- >> bill: and learn, yeah. >> caller: and the whole indu
] but this is what the budget plan mitt romney supports actually does. more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? >> live and in hd, this is an abc 7 news update. monday morning at 7:26, on october 8, columbus day. silver spring police are investigating an officer- involved shooting overnight at about 3:15 this morning. a man called than to say he harm himself and possibly others and they believe d to hiseade girlfriend's house. police found him there and a andile - in a stairwell exchanged and the n to thewas take hospital. prince george's county police investigating an officer- shooting in ginsberg. they ordered a man with a knife it and the officer shot twice in the stomach and taken to theas hospital. the officer was not hurt and newschannel 8 will have more coming up in a couple of minutes. let's check on the traff
in fairfax county have until midnight tonight to pay their personal property taxes. annual car tax payments were due last night by midnight but the website that accepts the payments kept going down. officials say they fixed the problem and pushed the problem back to midnight tonight. to pay your car tax online head to fairfax county.gov/dth. >>> this weekend you can save a little cash on big appliances. virginia is holding a sixth annual tax free holiday for shoppers. there are some restrictions however. the appliances must be under $2500 and they must have the energy star or water sense label. the event runs through monday. for a complete list of items that qualify as tax free head over to our website nbc washington.com and search key word tax holiday. >>> also this weekend d.c. foodies will be able to take part in two major food festivals. more than 50 restaurants are taking part in the festival between pennsylvania avenue white house and the capitol and it will be the second annual world chile eating championship. admission is $10. all restaurants have at least one taste menu item for $3
in maryland for three years, attending high school in the state, paying taxes, and applying to a college registered for selective service, and also are planning to seek full citizenship. marches like this have been going on all over for the past several months but they feel it is important now to get the word out. there are 14 questions on the ballot here in prince george's county alone so a lot of people are vying for attention for the cause. they think this will definitely help. with me now is gustavo andretti the organizing director. tell me more about what this dream act means to folks here in maryland. >> it means everything. it means the opportunity to fulfill our dreams, fulfill higher education, be who we want to be. let it be known in this country that we are accepted. that we belong. and that if we live in maryland, we have lived here all of our lives, we have paid taxes in maryland. we deserve in state tuition just like everybody else. >> reporter: and briefly what does ituúnÑgu? a marching band, attention and reasons to come out in support of this and register to vote to be
ernst how they can justify raising taxes in the middle class and how it has been buried the last four years. how in lord's name can they justify raising our taxes with these tax cuts? >> all right. here's how paul ryan responded. >> i thought he was taking my speech. you know what? we agreed these are being buried by obama care and spending regulations and all things plaguing a business. the way to stop this is to stop this. >> the middle class has been buried for four years. who is to blame? >> that little exchange we saw encapsulates the challenge for president barack obama tonight. he has to defend his record, he's got to take credit for the good things that have happened. i do think the country is headed in the right direction as i think most americans do, but i think he has to acknowledge how the experience is of real americans enough. not only on economic issues but he's not changing the tone in washington, which he's set out to do. i think the president also has to say what to do differently in the next four years. each of these men have to make a case of themselves and articul
bag tax another look. right now you have to pay a nickel. county council president says the tax may have hit too many kind of retailers. and it may need to be narrowed since the tax was put in place january 1st, it brought in nearly $170,000 a month for the county. >>> the time right now is 6:06. and i am watching your money. the september unemployment report comes out this morning. economists predict 110,000 jobs were added in the last month but they believe the ton employment rate -- the unemployment rate will go up to 8.2%. that's up one tenth of a percent from last month. in the meantime mortgage rates once again hitting record lows. freddie mac has the average three year rate at 3.36%. they have led more homeowners to refinance and that could potentially help jump-start the economy. >>> in the last few minutes "consumer reports" issued the results of its tests on the iphone 5. it compared the new phone to the android. "consumer reports" found that since the iphone 5 is now on the 4g network it is as fast as the android phones but it criticized the screen. apple's 4-inch screen
, going after what he claims is romney's plan for $5 trillion in tax cuts and cuts to pbs to help close the deficits. >> for you moms and kids out there, somebody is cracking down on big bird. cracking down on him. elmo has made a run for the border. governor romney plans to let wall street run wild again, but he's bringing the hammer down on sesame street. >> president obama will continue campaigning in california today, with a star studded event in san francisco, including john legend and will.i.am. >>> meanwhile, mitt romney returns to virginia today as he laughs off what looked like an uncomfortable situation in florida. the republican nominee was taking pictures with staff at a restaurant in port st. lucie when one of the staffers wiped romney's face with a napkin. romney can be seen laughing off the situation, but appears to be a little uncomfortable. >>> prepare for a month full of debates. this thursday vice president biden and congressman paul ryan will face off in their first and only debate. next tuesday, the 16th, president obama and mitt romney will meet for their second d
70% of the price of a gallon of gas. there are other things, marketing, taxes, things like that. we don't know the cause but we know one thing, the oil companies fully integrated make more money when the price of gasoline is higher. so, it's certainly more than coincidental that the price of gasoline stays higher longer than the price of oil. there's no evidence to show that there's something -- that there's a legitimate effort by oil companies to keep gasoline prices higher. it is certainly suspicious and certainly profitable for the oil companies. >> sterling, what's going to get gas prices down? that's all people care about. they keep hearing oil prices are going down, yet they drive to the pump and pay $4.50 or $5 a gallon? >> well, you can work three end of it. you can work it, supply. you can work on demand. and we're doing both of those. and you can work it volatility, which is a huge, huge factor. as i said, gas -- most of the retailers in my area are independent retailers. they don't lock in long-term or can't lock in long-term oil/gasoline contracts. >> but how much -- >>
access with the citi card. i"i'm not in favor of a a$5 trillion tax cut. that's not my plan." mitchell: "the nonpartisan tax policy center concluded that mitt romney's tax plan would cost $4.8 trillion over 10 years." vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. zoirchgs a space rocket blasted off from cape canaveral last night launching the fist private flight from the international space station. >> liftoff of the space x falcon 9 rocket. launching dragon to the international space station and returning cargo -- >> the unmanned capsule called dragon is on its way to the space station after separating from its rocket. it's carrying 1 240us pounds of cargo. the company has been contracted by nasa to fly a dozen flights to resupply t
trillion tax cut. that's not my plan." mitchell: "the nonpartisan tax policy center concluded that mitt romney's tax plan would cost $4.8 trillion over 10 years." vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... w could we ever trust him here? then you may be looking for help in choosing the right plan for your needs. so don't wait. call now. whever your health coverage needs, unitedhealthcare can help you find the right plan. open enrollment to choose your medicare coverage begins october 15th and ends december 7th. so now is the best time to review your options and enroll in a plan. medicare has two main parts, parts a and b, to help cover a lot of your expenses, like hospital care... and doctor visits. but they still won't cover all of your costs. now's the time to learn about unitedhealthcare plans that may be right for you. are you looking for something nice and easy? like a single plan t
. >> lori is a small business owner in columbus and might benefit from romney's tax plan. she doesn't believe it will be good for the country. so she's voting for the president. >> you have to pay your fair share in taxes. th means big business, that means small business. >> phillip is ceo of a local industrial supplier. he wants smaller government and is voting for mitt romney. >> i think that is the central question in this election. what is the size, the role, and the scope of government and what is its cost? >> both candidates will be looking for more supporters in this state right up to election day. susan, cbs news, columbus, ohio. >> but don't worry, soon enough the candidates will be back in virginia as well. >>> there's a new report that says pro and antigambling forces are spent more money on their ad campaign that was spent on the entire maryland governor's race. voters will go to the polls in november to decide whether or not they want to expand gambling in the free state. the baltimore sun reports, more than $35 million has been spent so far on that issue alone and
romney has been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. the fellow on stage last night said he didn't know anything about that. >> reporter: but mitt romney quickly tried to capitalize on his momentum. >> last night i thought was a great opportunity for the american people to see two very different visions for the country. >> reporter: also in denver romney said his goal was to frame the obama presidency. >> he will raise taxes on small business which will kill jobs. >> reporter: while the debate started with a handshake mitt romney quickly landed blows. >> virtually everything you just said about my tax plan since accurate. >> it's math. it's arithmetic. >> i have no idea what you're talking about. >> he's saying his big bold idea is never mind. >> reporter: both candidates will meet again in a town hall style format october 16th. a cbs news poll found only 22% of people who watched the debate thought president obama won while 46% said mitt romney came out on top. president obama meanwhile returns to our area friday with
accusing hmm of advocating a $5 trillion tax cut. >> the latest? not telling the truth about mitt romney's tax plan. >> reporter: now, romney will be speaking here in the hall within the hour. we've just seen the excerpts, of course. based on that it looks like he's going to draw a very sharp contrast between the president and his views on foreign policy, much as we've seen him do on economic policy. so some strong words shortly from mitt romney. charlie and norah? >> jan crawford, thank you. >>> this morning president obama is admitting he's not satisfied with his effort in the first debate. nancy cordes is in los angeles where the president is focusing on raising campaign cash. >> the president is waking up here in los angeles after holding two fundraisers in the city last night. he's got three more in san francisco today. and we learned over the weekend that the obama campaign brought in 1$181 million in september. the largest one-month haul of this campaign. 6,000 obama supporters paid at least $250 each to join the president at a star-studded concert in downtown los angeles. the lin
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